Key highlights
- India to double the automotive production by 2030
- 200 million vehicle production target by 2047
- New automotive mission plan is to be introduced within this fiscal year
Indian automotive manufacturing is set to double in terms of volume by 2030. This is to fulfil the target of making 200 million passenger vehicles by 2047.
Also read: Made-in-India Michelin tyres to launch in 2026
India’s automotive production plan for 2030 explained
As per a latest report published online, the Indian government and passenger vehicle manufacturers are pushing themselves to double the production numbers by the end of this decade.
Believed to be a part of the new automotive mission plan or AMP, the target is to achieve 200 million vehicle production by 2047. Therefore, to achieve this long-term target, Indian passenger vehicle manufacturers will prioritise the localisation and use of biofuel options, including biogas, CNG, and hydrogen, as well.
As per the official statement by a top official, the export of passenger vehicles is set to increase to 30% by 2030. The long-term goal is to increase this export number to 40% by 2047.
Meanwhile, the new AMP is still under the initial discussion phase with the automotive industry and leaders. However, a final plan with a complete chalk-out of timings and goals shall be released publicly by the end of this fiscal year, a top official commented.
